MasterForex Trend analysis of currency pairs and Comments (Updated daily)

Trend analysis EURUSD 07.06.12

EURUSD

On the 4-hour chart:



The pair had remained to increase. It had grown to the level 1.2581 (50.0 fibo level). After that it had started the rebound. It had been formed diverge upward channel during the growth. The fluctuations restrict by the support line 1 and the resistance line 2. It had been broken the trend line 0 earlier, that was a clear signal that the trend finishes. The pair prepares to give the second signal – cross of the Moving Averages.

On the 1-hour chart:



The pair remained to move upwards above the support line 1. Moreover it had been formed the resistance line 2. The resistance line 3 had been broken at the second part of Wednesday and the pair had continued to increase. The Moving Averages show the remaining of the upward tendency. The correction had started to at the moment; however, there is a likelihood of the growth continuation from the support level 1.2536.

On the 15 minute chart:



The pair had rebounded from the resistance level 1.2581 at the beginning of the day that had allowed making the resistance line 1. After that the price had formed the downward channel between the support line 2 and the resistance line 3. Present dynamics directs to the support line 4. If the direction of the movement could remain, the pair will reach the support line 4. However if the pair could rebound from the support level, it will be expected the further growth. On the 4-hour chart the pair prepares to give the reverse signal. If the signal could be reached, the situation will be clearer and it will be easier to determine the present trend direction.

Trend analysis GBPUSD 07.06.12

GBPUSD

On the 4-hour chart:



The pair could not increase to the resistance line as well as to increase to the previous local high level 1.5516. The Moving Averages show the remaining of the downward trend. Moreover, it had been broken the support line 1 however, the price is still higher the support line2. As a result, it could be said about remaining of the downward trend direction.

On the 1-hour chart:



The pair had left the upward channel between the lines 1 and 2. Also the trend line 0 had not been reached as well as previous local high level 1.5516. The pair moves to the line 3 now and tests the level 1.5449. The Moving Averages had given the reverse signal from the downward direction to the upward. However, the lines converge now once again. Nevertheless it is early to speak about the continuation of the downward trend.

On the 15-minute chart:



The pair had left the borders of the resistance line 1 and had touched the resistance level 1.5516 to the end of Wednesday. After that it had started the decrease. The price had remained the direction on Thursday and it had been broken the support line 2. The trend line 0 had not been reached. Moreover, it could be said about the formation of the resistance line 3. The pair is clamped between the resistance line and the support level 1.5449 now. The price is testing the level for an hour and a half, however, the success had not seen. If the support level could not be broken, the probability of that the line 0 will be reached will increase sharply. However, the return inside the previous channel could not be guaranteed. On the other hand the break through the support will open the way to the support line 4 and support level 1.5402.

Trend analysis USDCHF 07.06.12

USDCHF

On the 4-hour chart:



The pair had remained to fluctuate under the resistance line 1. The first signal of the trend end was the break through the trend line 0. The Moving Averages prepare to give the other reverse signal. After the rebound from the support level 0.9541 it had been formed the support line 2 that converges to the resistance line.

On the 1-hour chart:



Both reverse signals had been reached yet. The price had rebounded from the level 0.9541 and had formed the support line 1. After that it had been reached the resistance level 0.9578 that had not been broken now.

On the 15-minute chart:



The pair had rebounded from the support lines 1 and 2 at the point of the cross with the support area 0.9541/45. After that It had been formed the support line 3. The probability of the flat tendency is increasing now. The flat could be placed between the support level 0.9545 and the resistance level 0.9578. However, if the pair could break through one of the levels, the further dynamics will develop in the direction of the breakthrough with high probability.

It might help if you defined your trading TF. As it stands, you're analysing the same instrument over 3 TFs and commenting without stating which TF you expect to be able to determine the trend. There’s no focus.

It's quite possible, indeed likely for this, or any, instrument to be trending in opposite directions across any two specific TFs. This isn't a bar to trading, it's a matter of natural occurrence.

The skill is in detecting with respect to your trading TF when you have support for entry and when you do not. You’ve not demonstrated that in your post.

Anybody else and I probably wouldn't have commented, but going under the name of Master Forex Broker I thought you might like the feedback before continuing further.

its a Great name..........makes me want to change mine here

hmmmm


StrengthmeterMasterofthe universe(andCroydon)Correlation-a-Tradergod

Catchy
N

N

Hello TheBramble,

Thanks for your comment, it's very important to us, we value every trader's opinion!

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Trend analysis USDCHF 11.06.12

USDCHF

On the 4-hour chart:



The pair had continued to fluctuate in the downward corridor between the support line 1 and the resistance line 2. The price had rebounded from the resistance line 2 at the point of cross with the support line 3 at the evening of Friday. After that it had started the trend movement. The price had opened with the downward gap. It places between the support level 0.9490 and the resistance level 0.9541 now. The Moving Averages confirm the flat dynamics.

On the 1-hour chart:



The pair had opened the trading with the gap by 115 pips on Monday. As a result, the trading had started near the low border of the channel 1. The pair had rebounded from the resistance line on Friday. And it had started the decrease. The Moving Averages had given the signal that confirmed the bearish trend.

On the 15-minute chart:



The pair had rebounded from the support line 1 at the first hours of Monday had formed the channel between the support line 2 and the resistance line 3. The price fluctuates in the upward trend. The pair could reach the resistance line 0 on Tuesday. If the growth will remain and the pair will reach the resistance line, it could be expected the recoil. In the case traders could open the short positions after the rebound from the channel line. The second possibility supposes the trend dynamics will continue before the border will be reached.

Trend analysis GBPUSD 11.06.12

GBPUSD

On the 4-hour chart:



The pair continued the dynamics higher the line 1. The price had lowered under the line 0 at the end of the week. However the line 2 had been broken after the rebound from the support line1. After that the price had increased higher the line 0 one more time. The Moving Averages show the close revers of the trend direction.

On the 1-hour chart:



The pair had increased higher the line 0. The price had changed the trend direction to the line 1 after the rebound from the resistance level 1.5575. Also, it had been formed the resistance line 2. The moving averages show the presence of the upward tendency. Also, it is important to note that the previous local high level 1.5575 had not been broken.

On the 15-minute chart:



The pair had opened with gap at about 35 pips on Monday. The trading had begun higher the line 0. The pair is lower the resistance level 1.5575 and the resistance line 1. At the same time the support provides by the level 1.5516 and by the line 2. There is a likelihood that the price will remain to fluctuate inside the channel between the support line 1 and the resistance line 2. As well, the price could form the flat dynamics between the level 1.5516 and 1.5575.

Trend analysis EURUSD 11.06.12


EURUSD

On the 4-hour chart:



The pair had continued to fluctuate in the upward trend. The price had left the channel also it had been overcome the support line 1 before the Friday trading had been finished. It had seen that the price had arrived inside the channel moreover the price had opened with the gap. The pair had increased higher the resistance line 3 and 4 and the level 1.2581. The Moving Averages show the growing direction of trend.

On the 1-hour chart:



It had seen the gap between the price on Monday and on Friday. It was more than 140 pips. As a result, the Moving Averages had given the bearish trend and remain the character. Moreover the pair continues to fluctuate inside the corridor between the trend line 0 and the channel line 1. It is one more signal of the growing trend.

On the 15-minute chart:



The pair had started the day higher the line1. The price had arrived inside the cannel later. Moreover it had been formed the downward corridor between the lines 2 and 3. If the tendency could remain, the price will reach the low border of the upward corridor 4. There is a likelihood of the correction near the level 1.5298.

By MasterForex Broker

trend analysis AUDUSD 12.06.11


AUDUSD

On the 4-hour chart:



The price has started the growth along the support line 2 after the breaking through the resistance line 1. The pair opened this week trading with the gap of 66 pips up. The line 2 is under testing now. The level 0.9993 restricted the growth.

On the 1-hour chart:



The pair, which opened the trading with the gap, started the week in the narrow flat between the levels 0.9988 and 0.9971. The price pierced the line 1, which had been formed at the second half of the Friday. Let’s look through the situation in detail.

On the 15-minute chart:



On closer inspection of the chart it can be seen, that the pair is not moving strictly horizontally, but with a slight slope down. This fact makes possible to draw the lines 1 and 2, which outline the plausible descending channel. The price shows the correction at the moment. Recommendation: begin the trading after receiving the clear signals, which would confirm the trend dynamics existence.

Trend analysis USDJPY 12.06.11


USDJPY

On the 4-hour chart:



After the unsuccessful try to return to the previous downward channel between the lines 1 and 2, the pair started the growth along the line 3. The price has been testing the resistance level 79.65 and then started to rebound. Let’s look through the situation in detail.

On the 1-hour chart:



At the beginning of the week, the pair continued to move within the channel, clamped between the lines 1 and 2. Reached the resistance area 79.69/65, the price changed the direction and started the correction. The line 2 and support 79.53 are under testing now.

On the 15-minute chart:



The pair pierced downward the channel, which was formed on Friday by the lines 1 and 2. The long testing of the level 79.65 has finished by the failure. The next support after the 79.53 would be the level 79.42. Recommendation: wait for the confirmation of the flat end.

Trend analysis USDCAD 12.06.11

USDCAD

On the 4-hour chart:



Last week, the pair broke downwards the uptrend channel, clamped by the lines 1 and 2. Despite the 46-pip gap, which this week trading has been started with, the price is still within the new channel between the lines 3 and 4. Let’s look through the situation in detail.

On the 1-hour chart:



The pair recorded the three-week low at 1.0199 at the end of Asian session. After the rebound from the support line 1, the price started to grow. The steady increase during the last three hours gives the chance to foothold above the level 1.0222.

On the 15-minute chart:



The lines 1 and 2 are describing the dynamics of the price during the Asian session. The pierced upwards triangle could be highlighted. The followed upward dynamics allows to draw the support (3) and the resistance (4) lines. Recommendation: wait for the final foothold of the pair above the level 1.0222 and the piercing of the resistance line 5; after that the long position could be opened.

Trend analysis USDCHF 12.06.12

USDCHF

On the 4-hour chart:



During the last dynamics the pair had increased tot eh short-term trend line 0. After the rebound the pair had continued to test the resistance line. At the moment the price overcame the line. The Moving Averages are in bifurcation point. If the growth could remain it will be reached the bullish signal. If the price could continue to decrease, the lines just touch each other.

On the 1-hour chart:



The pair had reached the short-term trend line 0 during the growth on Monday. After that it had been the rebound from the line, however, the price had not finished to test the line. The pair is above the trend line now. Moreover, the support line had been broken. The Moving Averages had given the signal about bullish trend presence.

On the 15-minute chart:

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The pair had lowered to the level 0.9595 from the beginning of the day. After that it had started the intensive growth that had caused the break through the lines 1 and 2 as well as through the level 0.9620. The pair had increased a bit higher the line 2. Now there is a possibility of the downward recoil. If the recoil could be a good entering point will be the foothold lower the trend line. The potential of the movement restricts by the line 3.

Trend analysis GBPUSD 12.06.12

GBPUSD

On the 4-hour chart:



The pair had started the week higher the trend line 0. Later it has formed the resistance line 1. The price had continued the upward dynamics after it had been reached the support line 2. The pair is near the resistance level 1.5516. The Moving Averages prepare to give the bullish signal.

On the 1-hour chart:



The pair had started the day near the cross of the previous trend line 0 and the support line 1. After that the price had continued the upward dynamics along the support line 1. The pair tests the resistance level 1.5516 now. The next level is 1.5575. This level will be reached if it will be broken the resistance line 2. The moving Averages show the presence of the bullish trend.

On the 15-minute chart:



The pair had reached the resistance level 1.5516 and had rebounded from the point of the cross with the resistance line 1. If the price could now decrease lower the level 1.5498 it will continue the growth. Moreover, the support provides by the line 2. The main restrictions are the line 1 and the level 1.5516. If the line or the level could be broken, it will be expected the further growth to the level 1.5575. If the line or the level could not be broken, it will start the decrease.

Trend analysis EURUSD 12.06.12


EURUSD

On the 4-hour chart:



The support line of the upward channel had moved to the line 0. The line is determined as a short-term trend line. The pair had opened the week with the gap near the high border of the channel – the line 1. Later it had been formed the resistance line 2. The price had reached the trend line and had rebounded upwards with the break through the resistance line. The pair increases now, the Moving Averages show the upward trend presence.

On the 1-hour chart:



The pair had started the week with the correction from the high border of the channel 1. It had been formed the resistance line 2 that had been broken before the pair had reached the short-term trend line 0. After that the pair had lowered under the trend line and had rebounded from the support line 3 at the point of cross with the line 2. The price is near the resistance level 1.2536 at the moment. The Moving Averages show the remaining of the correction tendency. However, if the growth could remain it will be reached the bullish signal.

On the 15-minute chart:



The pair had started the day under the trend line. After the rebound from the support line 1 in the point of the cross with the line 2 the price had returned into the channel. It had started the correction, caused by the line 3. The correction had finished near the line 0. And it had started the intensive growth. If present tendency could remain, the potential of the tendency will be restricted by the channel line 4. Traders should also pay attention to the line 5. If the expectations concerning the European crisis could be stronger the positive news from the European Union about the results of ant crisis measures, the decrease will continue. In the case it could be expected the break through the trend line.

Trend analysis USDCAD 12.06.12


USDCAD

On the 4-hour chart:



The pair is moving within the expanding descending channel, clamped by the lines 1 and 2. The resistance line is under the testing now. The nearest resistance level lies at 1.0361, the support could be found at 1.0291.

On the 1-hour chart:



The pair got back to the previous channel between the lines 1 and 2 on Monday. The descending movement along the line 3 started on Tuesday. The price is getting close to the support levels 1.0291 and 1.0268. Let’s look through the situation in detail.

On the 15-minute chart:



The formed during the Asian session short-term channel was clamped by the line 1 from the top and by the line 2 from the bottom. The pair started the decline after the rebound from the resistance. The level 1.0291 supports the line 2. Recommendation: follow the news background carefully – it could cause the breakthrough.

Trend analysis AUDUSD 12.06.12


AUDUSD

On the 4-hour chart:



The pair has been fluctuating in flat since the end of the previous week. Started the Monday with the gap, the price got back to the level 0.9862 at the end of the day. The Tuesday started with the growth, but the rebound from the resistance 0.9913 is possible.

On the 1-hour chart:



The recoil from the resistance 0.9913 has been already started. The following scenarios are likely:

• The falling price rebounds from the support line 1. In this case, the forming of the highlighted triangle is possible.

• The pair continues the decline breaking through the support 1 and level 0.9862. In this case, the next support will be the level 0.9827.

In addition, the flat or growth are plausible, but the news background likely would cause them. Recommendation: take a profit when the support 1 will be reached.

On the 15-minute chart:



The pair has been moving within the channel between the lines 1 and 2. After the unsuccessful testing of the resistance 0.9913, the channel was broken. The falling price pierced the support 3 and started to test the line 4. The breaking through the line 4 would be a sign of the resumption of decline until the line 5.

Trend analysis USDJPY 12.06.11

USDJPY

On the 4-hour chart:



After the unsuccessful try to return to the previous downward channel between the lines 1 and 2, the pair started the growth along the line 3. The price has been testing the resistance level 79.65 and then started to rebound. Let’s look through the situation in detail.

On the 1-hour chart:



At the beginning of the week, the pair continued to move within the channel, clamped between the lines 1 and 2. Reached the resistance area 79.69/65, the price changed the direction and started the correction. The line 2 and support 79.53 are under testing now.

On the 15-minute chart:



The pair pierced downward the channel, which was formed on Friday by the lines 1 and 2. The long testing of the level 79.65 has finished by the failure. The next support after the 79.53 would be the level 79.42. Recommendation: wait for the confirmation of the flat end.

Trend analysis USDCAD 13.06.12

USDCAD

On the 4-hour chart:



The pair continues to decline within the descending channel between the lines 1 and 2 along the resistance. The pair, which has reached the support level 1.0268, started the testing. The moving averages are considering the weak descending tendency.

On the 1-hour chart:



The pair is trying to foothold below the level 1.0268, but the support level 1.0249 is affecting on the price dynamics. The lines 1 and 2 could describe the current descending channel. The moving averages are suggesting the flat dynamics. We could assume the forming of the triangle, if draw the lines 3 and 4.

On the 15-minute chart:



The pair started the growth after the rebound from the support line 1. The closest level from the top is 1.0268, but the price has not been confirmed it as a resistance. Since the fact that pair is moving within the last quarter of the plausible triangle, do not wait for the intensive dynamics after the breaking through its borders. Recommendation: close the position with the minimum loss and wait for the clear tendency.

Trend analysis AUDUSD 13.06.12


AUDUSD

On the 4-hour chart:



The two-day growth helped the pair to return almost all the Monday loss. The price, which is moving along the support line 1, is testing the level 0.9971. The moving averages are suggesting the temperate ascending trend. In case of the rebound from the resistance, we could consider the end of the bullish tendency started in the past Monday.

On the 1-hour chart:



The pair is growing along the line 1 for the second day. The resistance area 0.9962/71 is under the testing now. In case of the success, the price will find the key resistance at 0.9988. The moving averages are indicating the weak ascending tendency.

On the 15-minute chart:



The pair is growing straight in accordance with the channel, clamped by the lines 1 and 2. The technical correction period has finished by the rebound from the support line. The pair has pierced the resistance 0.9962/70 and now is trying to foothold above it. Recommendation: take a profit when the key resistance 0.9988 would be reached.